MicroStrategy secures upsized convertible debt to boost bitcoin stockpile
** MicroStrategy MSTR.O secures more capital than targeted to amass more bitcoin BTC=
** Software firm early Fri announces pricing of $700 mln 2.25% 8-yr convertible bonds
** Initial conversion price of $2,043.32 represents 35% premium to VWAP (volume-weighted avg price) of MSTR's stock on Thurs of $1,513.46, per the statement
** Offering size increased from $500 mln
** If full over-allotment is exercised, MSTR could raise $800 mln
** Meanwhile, Bernstein started coverage on MSTR with "outperform" rating, citing co's strong bitcoin buying strategy, including its CB issuance
** MSTR shares up 2.1% at $1514.77 before the bell
** Through Thurs, stock up 134% YTD and up more than fivefold over the past 12 months
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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